Global ETC Systems Market 2014-2018 - New Study Released

An electronic toll collection (ETC) system is a sophisticated application that includes a group of technologies to provide automated non-stop cashless payment of road toll at toll plazas or toll collection center. The system works with various technology-enabled products such as transponders, antennas, sensors, and wireless communication devices equipped with RFID technology. The vehicles are charged toll, as they drive through the toll gates, by means of various wireless communication devices installed at toll gates and system devices mounted on the vehicle. The vehicle do not have to stop to pay the toll. The ETC system helps to reduce traffic congestion on highways and the traffic management process is also streamlined.
TechNavio's analysts forecast the Global ETC Systems market to grow at a CAGR of 9.89 percent over the period 2013-2018.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global ETC Systems market for the period 2014-2018. To calculate the market size, this report covers the revenue generated by ETC systems providers. The report also provides data on different segments of the Global ETC Systems market. The market is segmented according to ETC systems products, ETC systems technology, and on the basis of geography.
TechNavio's report, Global Electronic Toll Collection (ETC) Systems Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the Global ETC Systems market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Regions

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* Americas
* APAC
* EMEA

Key Vendors

* EFKON
* Kapsch TrafficCom
* Schneider Electric
* Siemens
* Thales Group
* TransCore

Other Prominent Vendors

* 3M
* Grenobloise d'Electronique et d'Automatismes
* Hitachi
* International Road Dynamics
* Metro Infrasys
* Mitsubishi Heavy Industries
* OMRON Electronics
* Perceptics
* Q-Free
* SAIC
* TRMI Systems Integration
* Watchdata
* Xerox Corporation

Market Driver

* Need to Reduce Traffic Congestion
* For a full, detailed list, view our report

Market Challenge

* High Cost of Operation and Maintenance
* For a full, detailed list, view our report

Market Trend

* Cashless Transaction
* For a full, detailed list, view our report

Key Questions Answered in this Report

* What will the market size be in 2018 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?
* What are the challenges to market growth?
* Who are the key vendors in this market space?

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